Compaction machines are widely used in construction sites for compacting different materials such as soil, gravel and asphalt to increase strength and stability. They offer advantages like better productivity, consistency in compaction results and quality compaction even in tough conditions. The growing infrastructure sector is boosting construction activities around the world which in turn is fueling the demand for compaction machines.
The global Compaction Machines Market is estimated to be valued at US$ 5620.2 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Steady growth in the infrastructure industry across developing economies is one of the key trends driving the compaction machines market. Rapid urbanization and industrialization have increased infrastructure projects like road construction, highways, affordable housing and smart cities across Asia Pacific and Latin America. For instance, the Indian government's push for infrastructure development under initiatives like Bharatmala Pariyojana (Phase I & II), dedicated freight corridors and smart city projects is increasing the demand for construction equipment including compactors. Construction of new roads, highways and rail networks requires excavation, earthmoving, grading and compaction activities which is boosting adoption of compaction machines. Ongoing infrastructure megaprojects and government spending on transportation and communication networks will continue to support growth of the market during the forecast period.
Segment Analysis
The global compaction machines market is segmented on the basis of type, industry, and region. On the basis of type, the roller compaction machines segment dominates the market. Roller compaction machines offer uniform compression and are suitable for compacting uneven surfaces like embankments, roads, and landfills, owing to their ability to operate in narrow spaces. Their tamping rollers provide high density and quality compaction for a variety of materials.
Key Takeaways
The global compaction machines market demand is expected to witness high growth during the forecast period of 2023 to 2030. The proliferation of infrastructure projects across regions is fueling market growth.
The Asia Pacific region dominates the compaction machines market and is expected to witness the fastest growth during the forecast period. Rapid urbanization and growing construction activities in China, India, Indonesia, and other Southeast Asian countries are boosting demand for compaction machines in the region. The presence of emerging economies with rising disposable incomes is also driving infrastructure investment.
Key players analysis
Key players operating in the compaction machines market are Wacker Neuson SE, Sany Heavy Industry Co. Ltd, Volvo Construction Equipment, Wirtgen Group, Caterpillar Inc., Atlas Copco, Terex Corporation, Zoomlion Heavy Industries Science & Technology Co Ltd, Fayat Group, BOMAG GmbH, and XCMG Co. Ltd. Wacker Neuson SE offers an array of soil and asphalt compactors, providing solutions for construction, agricultural, and landscaping applications. Sany Heavy Industry Co. focuses on developing hydraulic excavators, wheel loaders, dump trucks, concrete machinery, and other engineering equipment
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Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Soil Compaction Machines market during the historical period of 2014 – 2018.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2028.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Soil Compaction Machines market.
After reading the Soil Compaction Machines market report, readers get insight into: Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Soil Compaction Machines marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potential Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=1978 The Soil Compaction Machines market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise: North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The evaluation of the competitive landscape in the Soil Compaction Machines market covers the profile of the following top players:Caterpillar Inc.Volvo Construction EquipmentJ.C.
Bamford Excavators LimitedFayat GroupJohn DeereXCMG Co. LtdZoomlion Heavy Industries Science & Technology Co LtdHitachi Construction MachineryWacker Neuson SESany Heavy Industries Co Ltd.In addition to understanding the demand patterns of various end users, the report on the SOIL COMPACTION MACHINES market also enumerates trends expected to attract investments by other various associated industries.
The global soil compaction machines market is set to surpass a value of US$ 9 Bn by the end of 2028, as per the recent research intelligence study of FactMR.
Businesses in the soil compaction machines market are increasingly focusing on improving the price to performance ratios of their offerings to gain traction among consumers.
"Leading soil compaction machines manufacturers are introducing upgraded machine models with an extended variety of features for end users that offer high-performance capabilities," says the Fact.MR report.Soil Compaction Machines Market: Key FindingsDemand for light soil compaction machines will grow 1.5X during the forecast period, owing to the larger demand for asphalt roads.Single drum rollers will remain the preferred product category.Heavy soil compaction machines will display rapid growth, 4X greater than that of light compaction machine variants.Asia Pacific is set to exhibit a substantial CAGR through 2028, on back of new road infrastructure projects in India and China.Soil Compaction Machines Market: Key Driving FactorsHigher investments in infrastructure projects with PPPs remain key growth driver for market.Demand for better connectivity and new government mandates are pushing the integration of advanced telematics capabilities.Manufacturers are pushing favorable financing options to bolster sales, which will remain a key growth lever.Loans and subsidies from the government, higher investments and FDIs are expected to aid in market growth.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=1978Soil compaction machines: Key Market RestraintsSMEs in the construction industry continue to face challenges with the high prices associated with the purchase, installation, and maintenance of soil compaction machine vehicles.Strict regulations associated with emission control is a key restraint to market growth in globally.Competition LandscapeThe global soil compaction machines market is moderately fragmented.
Industry leaders are focusing their efforts on research and development activities for product improvements for superior efficiency at minimal costs through telematics and intelligent compaction technologies.
Major players are expected to face intense competition with the presence of numerous regional players in the industry.
The report has profiled key players in the global soil compaction machines market, which include, but are not limited to JCB, Inc., Hitachi, Construction Machinery, Thetford International, CASE Construction Equipment, and Hamm AG.Ask Industry Professional about Report – https://www.factmr.com/connectus/sample?flag=AE_id=1978About Fact.MRExpert analysis, actionable insights, and strategic recommendations of the veteran research team at FactMR helps clients from across the globe with their unique business intelligence requirements.
Continuous Compaction Control (CCC) and Intelligent Compaction (IC) systems show great promise for improving the efficiency of field compaction and revolution-izing the compaction control process.
The technologies of intelligent compaction, so called Continuous Compaction Control (CCC) systems for road rollers, support the road contractor to achieve the requested efficiency, quality and documented results on their jobs.The primary advantage of CCC/IC systems is that they provide instantaneous and continuous measurements of the properties of a compacted material, while also providing complete coverage of the entire compacted area.
A second significant benefit of these systems is that they can potentially provide more uniform compaction with a fewer number of passes, resulting in a more optimum expenditure of time and energy on a project site.After conducting several projects in Europe, a comparison between projects that utilized CCC equipped compactors and those which utilized conventional compaction equipment and traditional in-situ tests showed that by using new technology, the costs for construction work increase slightly while the costs for external control tests and repair were reduced significantly.
In addition, using CCC/IC systems showed that the overall lifetime of the compactors could be increased because of the reduction in vibrations and mechanical loads.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-continuous-compaction-control-systems-2019-2024-442 According to this study, over the next five years the Continuous Compaction Control Systems market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 7990 million by 2024, from US$ 7060 million in 2019.
This study considers the Continuous Compaction Control Systems value and volume generated from the sales of the following segments: Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Single RollerDouble Roller Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
